16th August, 2019 Morning Brief

Market will open on a negative side catching a global thread after yesterday's brake.

Stocks in Asia slipped after another tumultuous session on Wall Street because of heightened trade uncertainty and fears of a slowing global economy.

🎯 News & Impact 🎯

Major Results Today :

Results Updates :

🎯 Indraprastha Gas (Q1, YoY) :
Revenue up 22.3 % to Rs.1,576 crore.
Net profit up 24.2 % to Rs.218.4 crore.

🎯 Reliance Capital :
Consolidated profit at Rs.1,233 crore versus Rs. 272 crore,
Revenue rises to Rs.6,069 crore versus Rs. 4,619 crore YoY.

🎯 Grasim :
Standalone profit plunges 68.6 % to Rs. 201.7 crore versus Rs. 642.5 crore, revenue rises 4.4 % to Rs.5,000.6 crore versus Rs. 4,789.2 crore YoY.
One-time loss of Rs. 290 crore on impairment in value of investment in Payment Bank.

🎯 Bosch :
Company said that the company will be observing ‘no production days’ ranging up to 10 days per month during September.

🎯 IDFC and its arm IDFC Financial Holding entered into an agreement to sell 100 percent stake in IDFC Securities to Dharmesh Mehta-led investors.

🎯 Suzlon Energy :
Company defaulted in repayment of FCCBs worth Rs 1,219 crore.

🎯 Cox & Kings :
Company defaulted in payment CPs worth Rs.149 crore which was due on August 14.

🎯 DHFL :
Company defaulted on payment of NCDs interest amounting to Rs.4.48 crore which was due on Aug. 14.

🎯 Jindal Saw :
Company’s subsidiary—Hunting Energy Services has signed a strategic alliance with the company sharing its patented Premium Connections technology, according to a statement.

🎯 Hero MotoCorp :
Manufacturing facilities will be closed from August 15-18.
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Edited by Sharp.